UPDATE: Russian antitrust receives Rosneft bid for 100% in Bashneft

(Adds comments by Rosneft in last paragraph)

MOSCOW, Oct 28 (PRIME) -- Russia’s Federal Antimonopoly Service has received a bid of oil major Rosneft to increase its stake in oil company Bashneft to 100%, Deputy Director Anatoly Golomolzin told reporters Friday.

“Just a few days ago… (The bid) will most likely be considered within a month,” he said.

Earlier in October, Rosneft purchased the government’s 50.0755% stake in Bashneft for 329.7 billion rubles.

A Rosneft representative told PRIME the company “has applied to the Federal Antimonopoly Service to buy 100% in Bashneft, because this automatically gives a right to buy any smaller stake.” The company declined to comment whether it plans to make a mandatory buyout offer to Bashneft’s minority shareholders.

(63.0399 rubles – U.S. $1)

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